We'll see the first fruits of its labour tomorrow, when Sky releases two Formula One VR films.

These were both made in conjunction with Formula One Management and Williams Martini Racing, and will be viewable on the Facebook 360 Video platform – that means you'll be able to watch through Facebook using a web browser.

However, if you want a more immersive experience, you can also watch using the Oculus Rift or Samsung Gear VR headsets.

Sky has also promised that later in the year it will distribute VR videos through a dedicated Sky VR app.

Sky VR Studio will produce more than 20 virtual reality films, ranging from major cultural events in the news to huge sporting events.

"The Sky VR Studio allows us to add a new dimension to storytelling, taking viewers to extraordinary places and offering a unique perspective on a whole host of events," said Gary Davey, managing director, content at Sky.

"The development of VR technology is moving at an incredible pace and excitement is building about its potential. Our expertise across a wide range of video content, from original drama to live sport, gives us a unique ability to bring VR to life for customers.

"This is just the start and we're looking forward to creating more amazing VR content and exploring the possibilities with our tech and content partners."

Sky invested in VR film Jaunt back in 2013. It recently dipped its toe in the VR waters, with a 360-degree video about the migrant crisis and one on the red carpet at the premiere of 'Star Wars: The Force Awakens'.

Its competitors are also experimenting with VR, with Amazon recently advertising a job vacancy for someone to lead its VR team.

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